The Auburn Sportsplex at 5 St. Mark’s Way may be reopening for business.
A foreclosure auction held on December 16 did attract a successful third party bidder according to Attorney Tom Vangel. “I can’t say who the buyer is. What I can say is that there was a foreclosure auction held on December 16th, and there was a successful bidder” Vangel said.
The Sportsplex closed suddenly last March 2, leaving teams and entire leagues with nowhere to practice or play, and holding the bag on registration fees that had been submitted to the Sportsplex.
It was later learned that the Sportsplex had been involved in Chapter 7 bankruptcy proceedings, and that their general liability insurance policy had been cancelled. At that point, a bankruptcy court judge ordered the business to close, according to the appointed bankruptcy trustee, attorney Joseph Baldiga of Mirick O’Connell.
There was no further information available today about the identity of the buyers, terms of the sale, or the new owner’s specific plans for the facility. Vangel said that he understands the buyer is “in this business” leading to speculation that the new owner(s) plans to maintain the facility as a sports complex.
The sale is not yet finalized, so nothing will be disclosed before the deal is closed, said Vangel. There is no definite timeline for when the deal will finalize.
No sale amount or terms of the transaction have been announced, so it is unclear whether any of the Sportsplex creditors would receive any of their money back.
We will continue to follow this developing story.